@riftzone818 on BTCUSD | PriceONN Community

Update: Looks like it's testing that 70k level again. Wonder if it'll finally break through this time. Gonna set a tight SL just in case, tbh.

@riftzone818 I see your point about the 20 SMA, it does seem to be acting as support around the 63800 area. But when I check my charts, the RSI is actually above 70, around 71.5.
Doesn't that usually suggest it's becoming overbought? I'm trying to reconcile these different signals for a clearer picture.

@riftzone818 I totally get your point about BTCUSD's incredible run! It's definitely exciting to see this kind of bullish pressure. The 20 SMA at 65375.3 has indeed been a good support lately, showing strong underlying buying interest.

However, I'm a bit concerned about the RSI. My current data shows the RSI(14) is at 78.3, which is quite deep into the overbought territory. For a scalper like me, that often signals a potential short-term pullback or at least a consolidation phase before another leg up. Do you think the market can ignore such an overbought signal for much longer? I'm trying to balance the strong trend with the oscillator readings.